Use the adjusted trial balance for Stockton Company to answer the question that follows.
Stockton Company
Adjusted Trial Balance
December 31
Account No. Debit Balances Credit Balances
Cash 11 6,172
Accounts Receivable 12 2,653
Prepaid Expenses 13 793
Equipment 18 15,963
Accumulated Depreciation 19 1,416
Accounts Payable 21 1,645
Notes Payable 22 4,404
Bob Steely, Capital 31 16,098
Bob Steely, Drawing 32 817
Fees Earned 41 7,124
Wages Expense 51 2,774
Rent Expense 52 729
Utilities Expense 53 439
Depreciation Expense 54 249
Miscellaneous Expense 59 98
Totals 30,687 30,687
Determine the owner's equity ending balance for the period.
a. $20,890.
b. $18,116.
c. $22,058.
d. $21,329.
Answers: 2
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Use the adjusted trial balance for Stockton Company to answer the question that follows.
Stockton C...
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